India should join World Bank's international investment dispute centre

The World Bank's International Centre for Settlement of Investment Disputes can assist India in achieving its globalisation goals

The International Centre for Settlement of Investment Disputes (ICSID) is a World Bank Group institution set up in 1996, with a specific mandate to resolve disputes that arise between foreign investors and the countries in which they invest. Although India actively participates with the World Bank and its affiliated institutions — the International Finance Corporation and the Multilateral Investment Guarantee Agency — it is not a signatory to ICSID. India’s hitherto non-participative position in ICSID requires a fresh assessment, as in the world of global investment flows, ICSID does stand out as a credible institution for cross-border